Married couples on track for income tax cut from April 2015

DAVID Cameron yesterday said he would introduce a tax break for married couples, with details expected to be included in his speech to the autumn Conservative party conference.

Under the plan anyone in a marriage who does not pay income tax will be able to transfer part of their personal allowance to their partner who does work.

Higher rate taxpayers are set to be excluded from the scheme, which would only benefit couples where one partner either does no work or earns less than £9,400 a year.

The Prime Minister had originally intended to wait a year but was forced to act after backbench MPs attempted to amend the Finance Bill to include such a measure. It could come into effect by April 2015.

Labour’s Catherine McKinnell said the policy is “out of touch” and will not help couples where both partners work.